8-KEarnings & ResultsMaterial AgreementsExhibits & Filings

EQUINIX INC 8-K Report, Material Agreement (Feb 7, 2007)

Filed February 7, 2007For Securities:EQIX

Summary

Equinix, Inc. (EQIX) filed an 8-K on February 7, 2007, reporting on two key events. The company announced its election to proceed with the purchase of a significant 133,500 square foot property in San Jose, California, for $65 million. This strategic acquisition, expected to close by November 30, 2007, involves a substantial cash payment and a $6.5 million deposit, reflecting Equinix's investment in expanding its physical infrastructure. Furthermore, the filing includes a press release announcing Equinix's financial results for the fourth quarter and full year ended December 31, 2006. While the details of these results are not fully provided within this 8-K text, the company indicates that it will be discussing its financial performance, including certain non-GAAP information and its reconciliation, during a conference call scheduled for February 7, 2007. Investors should refer to the attached exhibits for the complete financial details and commentary.

Key Highlights

  • 1Equinix elected to purchase a 133,500 sq ft building in San Jose, California, for $65 million.
  • 2The acquisition is subject to customary closing conditions and is expected to be completed by November 30, 2007.
  • 3A $6.5 million deposit will be applied towards the $65 million purchase price, which will be paid in cash.
  • 4The seller has the option to convey the property in up to three separate installments of tenancy in common interests.
  • 5Equinix issued a press release on February 7, 2007, detailing its financial results for the quarter and year ended December 31, 2006.
  • 6The company will be holding a conference call on February 7, 2007, to discuss its 2006 year-end financial results and a press release.
  • 7The filing references attached press releases as Exhibits 99.1 and 99.2.

Frequently Asked Questions

This 8-K filing reports on Equinix's election to proceed with a material definitive agreement to purchase a property in San Jose, California, and announces its financial results for the quarter and year ended December 31, 2006, via an accompanying press release.

Equinix plans to purchase a 133,500 square foot building in San Jose for $65 million. A $6.5 million deposit will be applied to the purchase price, to be paid in cash at closing. The seller may convey the property in up to three installments, with the full transfer of ownership expected by November 30, 2007.

The detailed financial results for the quarter and year ended December 31, 2006, are announced in a press release issued by Equinix on February 7, 2007. This press release is attached as Exhibit 99.2 to this 8-K filing. Equinix will also host a conference call on February 7, 2007, to discuss these results.

No, this specific 8-K filing text does not contain the detailed financial figures. It only announces that a press release with these results was issued and that a conference call would be held. Investors need to refer to the attached Exhibits 99.1 and 99.2 for the actual financial data and commentary.